Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Best Sees No Change in PartnerRe Ratings from Channel Re Write Down
Jan 18 2008 // A.M. Best Co. indicated that its issuer credit rating (ICR) of “a-” of PartnerRe Ltd. and the financial strength rating of ‘A+’ (Superior) and ICR of “aa-” of PartnerRe Group (Hamilton,...
McQueary Henry Bowles Troy Names New Partner
Jan 16 2008 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P. (MHBT), based in Dallas, named David Ball a partner in the firm. Ball, previously vice president in the property and casualty group in...
S&P Affirms, Withdraws Westport Ratings after Merger with Employers Re
Jan 16 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been...
UK’s Chartered Insurance Institute in Middle East Training Partnership
Jan 15 2008 // The UK’s Chartered Insurance Institute (the CII Group) announced “a strategic partnership for the Middle East” with JWZ Insurance Solutions, a newly-formed insurance training and educational consultancy...
Watchorn Joins Willis M&A Practice Group
Jan 15 2008 // Willis Group Holdings has appointed Alena Watchorn to its Mergers & Acquisitions Practice Group as an Executive Director. She joins Willis from HSBC Insurance Brokers, where she headed up the corporate finance team...
Hanover Insurance to Acquire Chemical Industry Insurer Verlan
Jan 14 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. has agreed to acquire Verlan Holdings, Inc., a Silver Spring, Maryland-based holding company that provides insurance to manufacturers and distributors of...
Momentum Strong for Broker M&As in October, November
Jan 13 2008 // Stock Prices: Aon Corp. (NYSE:AOC) continued to outperform the sector, up a remarkable 43.1 percent year-to-date. The company reported third quarter 2007 results at the end of October. Net income increased 92 percent to...
Workers’ Comp Writer Employers Holdings to Acquire AmCOMP
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt. The acquisition will expand Employers’...
Progressive Buys Naming Rights to Cleveland Indians’ Ballpark
Jan 11 2008 // In March of 1937, Steve O’Neill was managing the Cleveland Indians, the team was at spring training in New Orleans and preparing for another season at League Park at Lexington and East 66th Street in Cleveland. At...
Lighthouse Underwriters Sells Retail Non-Profit Book to Cooley and Darling
Jan 10 2008 // Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk...
Beecher Carlson Acquires Phoenix’s Alliance Insurance Group
Jan 9 2008 // Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed. The acquisition supports its plan to partner with firms where...
CNinsure to Acquire 60% Stake in Hubei Insurance Agency
Jan 9 2008 // CNinsure Inc., an independent Chinese insurance agency and brokerage company, announced the signing of a definitive agreement to acquire a 60 percent stake in Hubei East Century Insurance Agency Co., Ltd. The transaction...
Swiss Re to Acquire 25% Stake in Vietnam National Re
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Ala.: Bank Wants County to Buy $1M Insurance Policy for Cobb Marker
Jan 9 2008 // Wachovia Bank officials are concerned that a proposed sign to mark Hall of Fame baseball player Ty Cobb’s time in Anniston, Ala., may obstruct the view of motorists. Calhoun County Commissioner Eli Henderson, who...
MyNewMarkets.com Exchange Sells Out Sponsorships
Jan 8 2008 // SAN DIEGO, January 8, 2008 – Insurance Journal’s MyNewMarkets.com has sold out all gold and silver level sponsorships of it’s inaugural MyNewMarkets.com Exchange Conference scheduled for February 15, 2008...
Georgia Insurance Agency Announces Acquisition of Magnum OPUS
Jan 8 2008 // Carrollton, Ga.-based Britt/Paulk Insurance Agency Inc., acquired Idaho-based Magnum OPUS and all of its assets in a transaction that took effect on Jan.1. Magnum OPUS will begin operating as the Britt/Paulk Boise, Idaho...
Hub International Acquires Montana Agency
Jan 8 2008 // Hub International Ltd. announced that Hub International Transportation Insurance Services Inc. (HUB Transportation) has acquired all of the assets of Billings, Mont.-based Lenhardt Insurance Agency Inc., an insurance...
Stanard, Fox Partner With Insight Catastrophe Group
Jan 8 2008 // Insight Catastrophe Group, a specialty provider of property catastrophe risk management and underwriting services, announced a partnership with Jim Stanard and Rod Fox through their newly-formed organization, New Asset...
Swiss Re’s Westport Insurance Announces Two Mergers
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch. In the merger, Employers...
R.I.’s Narragansett Bay Insurance to Use $200M Funding to Expand in East
Jan 8 2008 // Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along...
